New Hampshire Bitcoin (BTC) Reserve Bill Heads to Full Senate for a Vote

A bill that would allow New Hampshire to invest part of its state fund in digital assets and precious metals has moved to the full Senate for a vote after passing a second committee.

On April 23, House Bill 302 (HB 302) was reviewed by a second Senate committee and passed by a 4-1 vote.

The bill, introduced in January, passed the New Hampshire House of Representatives earlier this month by a vote of 192-179. The bill now faces a full Senate vote and, if passed, will need the governor’s signature to become law.

Once enacted, the bill would allow the New Hampshire Treasury to invest 10% of the state’s general fund in cryptocurrencies with a market value of more than $500 billion — a threshold that only Bitcoin (BTC) currently meets.

Democratic Representatives Oppose New Hampshire Crypto Reserve Bill

During the debate before the full House vote, Democratic Representative Terry Spahr argued that the bill was unnecessary.

The lawmaker said the bill could undermine the future security of the state’s digital asset reserves. Spahr noted that the state treasurer already has the power to manage investments without the bill.

Others say the investment could bring a sizable return to the state. Republican Representative Jordan Ulery said the investments could bring "a lot of money" to the state.

New Hampshire currently has two blockchain-related bills in the legislative process, according to Bitcoin Laws, which tracks the progress of digital asset legislation.

House Bill 639 deals with blockchain dispute resolution and regulatory frameworks, while House Bill 310 focuses on physical asset tokenization and stablecoin use.

As New Hampshire moves forward, Arizona is taking a more aggressive approach by exploring the establishment of a strategic Bitcoin (BTC) reserve, aiming to become the first U.S. state to implement such a policy.